Vollmer v. Estate of Reid

Citations

• 10 Idaho 196
• 77 P. 325
• 1904 Ida. LEXIS 16

Syllabus

<p>Chattel Mortgage — Renewal.</p> <p>1. Where it is shown that a chattel mortgage is given as security for a debt then existing, evidenced by a promissory note of even date therewith, and thereafter a new note and chattel mortgage are given to cover the same debt, even though a different rate of interest is provided for in the new note, and an additional sum for attorney’s fee provided for therein, held, not to be a new contract where it is stated in the mortgage that the new obligation is given for the purpose of renewal of the old.</p> <p>(Syllabus by the court.)</p>